First Keystone Correlations
| FKYS Stock | USD 17.00 0.48 2.91% |
The current 90-days correlation between First Keystone Corp and Freedom Bank of is -0.02 (i.e., Good diversification). The correlation of First Keystone is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
First Keystone Correlation With Market
Weak diversification
The correlation between First Keystone Corp and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Keystone Corp and DJI in the same portfolio, assuming nothing else is changed.
First |
The ability to find closely correlated positions to First Keystone could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Keystone when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Keystone - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Keystone Corp to buy it.
Moving together with First Pink Sheet
| 0.85 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.68 | JPHLF | Japan Post Holdings | PairCorr |
| 0.84 | MZHOF | Mizuho Financial Normal Trading | PairCorr |
| 0.85 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.67 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.69 | HD | Home Depot | PairCorr |
| 0.89 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.89 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.91 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.86 | T | ATT Inc Sell-off Trend | PairCorr |
| 0.81 | CSCO | Cisco Systems | PairCorr |
Moving against First Pink Sheet
| 0.92 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.88 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.85 | BKRKY | Bank Rakyat | PairCorr |
| 0.84 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.78 | PBCRY | Bank Central Asia | PairCorr |
| 0.77 | PTBRY | Bank Negara Indonesia Normal Trading | PairCorr |
| 0.77 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.69 | BKRKF | PT Bank Rakyat | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between First Pink Sheet performing well and First Keystone Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze First Keystone's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FDVA | 0.75 | 0.10 | 0.01 | 0.64 | 0.88 | 2.38 | 7.21 | |||
| 444859BR2 | 1.39 | (0.04) | 0.00 | 10.36 | 0.00 | 5.93 | 16.62 | |||
| BRRAY | 2.23 | 0.43 | 0.00 | 0.75 | 0.00 | 0.00 | 34.02 | |||
| MSTSX | 0.45 | 0.00 | (0.10) | 0.11 | 0.39 | 1.21 | 2.80 | |||
| LBHIX | 0.10 | 0.01 | (0.41) | 0.24 | 0.00 | 0.24 | 0.71 | |||
| VIASP | 0.76 | 0.12 | 0.00 | (1.56) | 1.12 | 2.28 | 7.18 | |||
| XTWO | 0.08 | (0.01) | 0.00 | 1.36 | 0.00 | 0.12 | 0.53 | |||
| KNF | 1.51 | 0.28 | 0.16 | 0.26 | 1.73 | 2.84 | 12.78 | |||
| 70082LAB3 | 0.70 | 0.07 | (0.03) | 1.15 | 0.99 | 1.75 | 6.86 | |||
| AMPL | 4.78 | 0.30 | 0.03 | 0.76 | 6.60 | 10.34 | 36.78 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in First Keystone without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Equity Forecasting Now
Equity ForecastingUse basic forecasting models to generate price predictions and determine price momentum |
| All Next | Launch Module |
First Keystone Corporate Management
| Kevin Krieger | Compliance VP | Profile | |
| Mark McDonald | VP Officer | Profile | |
| Cheryl Wynings | IR Contact Officer | Profile | |
| Natalie Stackhouse | Assistant Mang | Profile |